Boston’s assessed property value hit a high of $164B, growing by $72.3B, or 78.4% since FY13. Part I of this five-part series provides an overview of trends in Boston over the last six years. How has economic growth and renewed interest in city living impacted Boston’s assessed property values?
Boston’s FY20 proposed budget is released: 8 budget dynamics with potential for significant impact on the City finances and service delivery in FY20 and beyond.
Boston homeowners enjoy a very favorable property tax situation due primarily to the City’s 35% residential exemption and its shifting of the property tax burden to business property through its maximum application of classification.
Boston’s PILOT Program a success, bringing $33.6M to the City as well as a standardized program that is recognized nationally.